Albert Srour paid $18M to Bonnie Gold

Albert Srour through the entity 800 Midwood LLC paid Bonnie Gold’s 800 Avenue H LLC $18.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 67 residential units at 800 Avenue H in Ocean Parkway. The deal closed on July 18, 2019 and was recorded on July 23, 2019. The parcel(s) have total development potential of 82,600 square feet.
The sale price per unit is $268,657..
The estimated cap rate is 1.8%
The last time the property sold was January 11, 2018, for $2,925,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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